DC Health Insurers Won't Extend Canceled Individual Plans

Health insurers in Washington, D.C. will not be allowed to extend individual market plans that were canceled under Obamacare, regulators announced Wednesday, according to the Washington Post.

President Obama announced earlier this month that states may allow insurers to extend canceled plans for one year. D.C. joins several states, including California, to opt against extending plans through 2014.

The D.C. Department of Insurance, Securities and Banking explained that “the future rate impact of the transitional policy would be more significant to District residents than continuing implementation as intended.”

The decision follows news earlier in November that the insurance commissioner in D.C. was fired after publicly denouncing Obama's "fix" to the health care law.